By cryptoadmin The U.S. Securities and Trade Fee (SEC) has acknowledged a current Solana ETF utility proposed by Canary Capital.
This comes after the SEC additionally acknowledged Grayscale's Solana ETF submitting earlier this month.
Franklin Templeton has registered a brand new Delaware entity, which signifies that it’s probably making ready to hitch the Solana ETF race within the close to future.
As reported by U.At present, VanEck was the primary to suggest a Solana ETF again in June. Since then, a number of different issuers have adopted go well with.
Bloomberg analysts at present see a 70% probability of such a product being authorised
The unsure regulatory standing of the SOL token seems to be the primary hindrance on the street to approval. It’s value noting that the token was repeatedly named as a safety in a number of SEC lawsuits.
The SOL worth is at present down 3.1% regardless of the latest acknowledgment.